Cuba, Pressured by US, Set for Privatization Drive
5 Articles
5 Articles
If the declared measures were implemented, the socialist economy, which had almost collapsed, would expect the largest changes since the 1959 revolution.
Cuba, pressured by US, set for privatization drive
Cuba moved to privatize swaths of its state-run economy as it looked to boost moribund growth and assuage the US, which has repeatedly threatened to replace the island’s communist leadership. The measures mark the single biggest change to the country’s economic system since Fidel Castro took over after the 1950s revolution, Reuters reported. However, skepticism abounded over whether the reforms would be fully implemented, and Washington could st…
The pressure exerted by Donald Trump on Cuba seems to be beginning to bear fruit. The country's Parliament unanimously approved radical reforms that provide for the privatization of a significant part of the economy. If these measures are implemented...
One of the most important changes is that companies, banks, and the real estate sector are being privatized.
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